1058Σ

Patek Philippe

Ref. 5016P-010

An exceedingly rare and important platinum minute repeating perpetual calendar tourbillon wristwatch with retrograde date, small seconds, moon phases, leap year indication, silvered Breguet numerals dial, Certificate of Origin, additional solid caseback, setting pin and presentation box

Estimate
HK$3,000,000 - 6,000,000
€335,000 - 670,000
$385,000 - 769,000
HK$5,207,000
Lot Details
Manufacturer
Patek Philippe
Year
Circa 2007
Reference No
5016P-010
Movement No
1’905’120
Case No
4’330’462
Material
Platinum
Calibre
Manual, cal. RTO 27 PS QR, 28 jewels
Bracelet/Strap
Crocodile
Clasp/Buckle
Platinum Patek Philippe pin buckle
Dimensions
37mm diameter
Signed
Case, dial, movement and buckle signed
Accessories
Accompanied by Patek Philippe Certificate of Origin stamped Cortina Hong Kong dated 9th April 2007, Poinçon de Genève certificate, leather portfolio, photograph, instruction manual, product literature, hang tag, additional solid caseback, setting pin, key, slipcase, fitted presentation box and outer packaging.

Catalogue Essay

Produced between 1993 and 2011, Patek Philippe’s ref. 5016 was once the most complicated wristwatch ever crafted by the manufacturer. This remarkable timepiece combines three of the most challenging complications in watchmaking: a minute repeater, a perpetual calendar and a tourbillon, further enhanced by moon phases and a retrograde date. It wasn't until the launch of the Sky Moon Tourbillon, ref. 5002, in 2001 that Patek Philippe introduced a more complex piece.
Offered in all four precious metals, the platinum examples feature either silvered or black dials, each adorned with the movement number printed below the moon phase—a nod to the observatory chronometer pocket watches in the early 1900s. It is estimated that approximately 200 examples were produced before the model was discontinued in 2011.

The retrograde date is one of the hallmark complications in Patek Philippe's perpetual calendar wristwatches, captivating collectors with its flawless execution. The retrograde date hand has a flyback mechanism that gracefully resets to the first of the month after the 28th, 29th, 30th, or 31st, depending on the month and leap year cycle. This swift return is achieved through a spiral spring and an ingenious rebound limiter mechanism, both developed and perfected by Patek Philippe. The silvered dial features elegant Breguet numerals, presenting a tranquil aesthetic with a well-balanced layout for the perpetual calendar indications.

Housed in a relatively compact 37mm diameter case, the expansive layout and arched lugs provide significant presence on the wrist without appearing ostentatious. Through the sapphire case back, the wearer can admire the magnificent manual winding caliber RTO 27 PS QR. Each of the 506 components within this intricate masterpiece is hand-finished to perfection. In true Patek Philippe fashion, the tourbillon is discreetly positioned on the case back to minimize photo-degradation of the lubricant, thereby maintaining the tourbillon's accuracy, which harmonizes beautifully with the melodious chimes of the minute repeater.

To the best of our knowledge, less than 20 examples in this configuration have resurfaced in auctions. Fresh to the public market and beautifully preserved, this masterpiece comes with its original accessories, combining incredible charm and rarity—making it a potential crown jewel in any collection.

Patek Philippe

Swiss | 1839

Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.

Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.

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